SFL Corporation Ltd. (SFL) To Go Ex-Dividend on September 12th

SFL Corporation Ltd. (NYSE:SFL) announced a quarterly dividend on Tuesday, August 19th, RTT News reports. Investors of record on Friday, September 12th will be given a dividend of 0.20 per share by the shipping company on Monday, September 29th. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend is Friday, September 12th.

SFL has a payout ratio of 372.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

SFL Price Performance

Shares of NYSE SFL opened at $8.19 on Wednesday. The stock has a market capitalization of $1.19 billion, a PE ratio of 31.48 and a beta of 0.54. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.30 and a quick ratio of 0.45. The business has a fifty day moving average price of $8.82 and a two-hundred day moving average price of $8.52. SFL has a fifty-two week low of $6.78 and a fifty-two week high of $11.85.

SFL (NYSE:SFL) last announced its quarterly earnings data on Tuesday, August 19th. The shipping company reported $0.01 earnings per share for the quarter. The firm had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $192.40 million. SFL had a return on equity of 6.67% and a net margin of 3.97%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS.

About SFL

SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs.